SLB · News · 20260807N

Acquisition / Partnership / Divestiture

SLB LIMITED/NV · 2026-08-07 · Importance 40 · Surprise 42

SLB and Equinor signed a multi-year agreement for advanced reservoir stimulation services on the Norwegian Continental Shelf. The arrangement includes a major conversion of the MV Island Captain into a fully proppant-capable stimulation vessel. The upgraded vessel is expected to carry up to 2 million pounds of proppant, with expanded storage, handling systems, and pumping capacity. The agreement secures dedicated stimulation capacity for future tight-reservoir developments and aims to improve recovery from offshore Norwegian wells.

Key facts

• SLB filed a request with the SEC to withdraw its Registration Statement on Form S-4 (File No. 333-97899), originally filed on August 9, 2002, and stated it will not pursue the public offering contemplated by that Registration Statement. source